Delek US Holdings (DK) Soars 1.14% on Analyst Optimism

Delek US Holdings (DK) surged 1.14% today, marking its second consecutive day of gains, with a total increase of 3.72% over the past two days. The share price reached its highest level since August 2024, with an intraday gain of 2.45%.

The strategy of buying DK shares after they reach a recent high and selling them one week later resulted in no return over the past five years. The strategy had a CAGR of 0.00% and an excess return of -29.55%, indicating significant underperformance compared to the benchmark. Additionally, the strategy had a maximum drawdown of 0.00% and volatility of 0.00%, which suggests that the strategy was not only ineffective but also risk-free, as it did not experience any losses.

Analysts have set a target price for Delek US Holdings, Inc. (DK) at $17.60 as of July 4, 2025, which may have contributed to the stock's movement. Additionally, Raymond James maintains a buy rating for Delek US with an increased target price of $23 as of July 1, 2025, reflecting positive analyst sentiment and possibly influencing the stock price. The current stock price as of July 7, 2025, is $23.72, indicating recent upward movement in line with the raised target price.